KORE Investments Acquires Industrial Facility In Bessemer City, NC For $13.5M
201 Southridge Parkway
$13,500,000
$77/SF
Building Size
175,239 SF
Asset Type
Industrial
Closing
Nov 17, 2023
AI
KORE Investments has acquired a 175,239-square-foot Class A industrial facility located at 201 Southridge Parkway in Bessemer City, North Carolina. The property was purchased from Hunter Douglas for a total of $13.5 million. The facility is situated in an industrial market in Bessemer City, NC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,500,000
- Square Footage: 175,239
- Price per Square Foot: $77
- Address: 201 Southridge Parkway, Bessemer City, NC
- Buyer: Jack Kim - KORE Investments
- Seller: Hunter Douglas
- Brokers: Andrew DeLamielleure & Matt Treble - Cushman & Wakefield
This transaction was facilitated by brokers Andrew DeLamielleure and Matt Treble from Cushman & Wakefield, who represented both the buyer, Jack Kim of KORE Investments, and the seller, Hunter Douglas.
Players
Bessemer City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93